A sole trader did not keep proper books of account. The following information is available about 2014.
Question:
A sole trader did not keep proper books of account. The following information is available about 2014.
What were the business's purchases for 2014?
A. $166,000
B. $205,000
C. $214,000
D. $223,000
Transcribed Image Text:
Payments to suppliers of goods 175 000 Cash discounts received 15 000 Purchases returns 9 000 Opening trade payables 25 000 Closing trade payables 49 000 %24
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ANSWER B 205000 EXPLANATION The businesss purchas...View the full answer
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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